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Lab Of Crypto
37:5311/26/24
Crypto

DON'T Buy Crypto UNLESS You See This Signal Flashing!

11/26/24
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English

The crypto market is experiencing a downturn similar to November 2020, with older coins like XRP and MANA initially surging due to retail investor influx, only to subsequently decline. The presenter recommends focusing on newer coins with lower market caps and strong fundamentals, such as Aptos and Bit Tensor, while emphasizing the importance of adapting one's mindset to view dips as buying opportunities rather than signals of market collapse.

Retail Investor Return

00:07:21 Retail investors are returning to the crypto market, evidenced by increasing YouTube views and Google searches for 'Bitcoin'. These investors are drawn to familiar, previously successful coins like AXS, MANA, and XRP, leading to initial price increases.

Market Cycle Comparison

00:05:47 The current market conditions resemble those of November 2020, following the 2020 halving. Historical market data reveals a similar pattern of older coins, or 'Dino coins', experiencing significant gains before retractions. This suggests a recurring pattern in crypto cycles.

Bitcoin Dip Predictions

00:13:00 The presenter anticipates a Bitcoin pullback, possibly reaching the 80-87K range, offering opportunities to buy altcoins at discounted prices. He discusses three potential dip scenarios: a likely zone, a possible zone, and a 'let's go' zone, with the latter indicating a deeper drop.

Altcoin Recommendations

00:19:23 Aptos, Bit Tensor, Clearpool, Mirria, and Deep Worm are presented as promising altcoins, chosen for their low market caps and potential for growth during the anticipated Bitcoin dip. The presenter suggests specific entry and exit points for each coin based on technical indicators and market conditions.